Just how bad is the bear market right now?

[Coin_Gabbar]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.
The leading cryptocurrency, Bitcoin, has been in a freefall since January 2021, when it hit a high of $69,000. A maximum unrealized loss of 75% from the all-time high was sustained by long-term investors as BTC fell to $17,000 midway through the year. An important indicator of the true worth of one's Bitcoin assets is the net unrealized profit or loss (NUPL).

Is the Current Bitcoin Bear Market Really That Bad?
At its present NUPL value, the Bitcoin network is experiencing a loss. A review by CoinGabbar indicates that there is still room for maximal BTC acquisition at this time. In contrast, it appears that institutional investors are not actively buying up Bitcoin. Compared to the Bitcoin lows in July 2022, the present loss condition is significantly better.

Bitcoin has been on a downward trend recently. The cryptocurrency market hit a three-month low of $18,432 earlier this week. CoinGabbar reports that the current price of Bitcoin (BTC) is $18,930, down 3.21% in the previous 24 hours. Since its price dropped recently, Bitcoin's share of the cryptocurrency market has shrunk. This means that Bitcoin now accounts for 41.02% of the total market cap of all cryptocurrencies.

Institutional Investors Have Little Faith
Grayscale, a company that manages bitcoin assets, has noticed a decrease in its Bitcoin volumes. What this says is that institutional investors are not optimistic. The largest institutional investor in Bitcoin, Microstrategy, has increased its holdings. According to their most recent SEC filing, the firm has spent $6 million for Bitcoin at a price of roughly $19,851 per token. Together with its affiliates, Microstrategy now controls over 130,000 BTC.

[TomPluz]

The ongoing bear market is gaining the upper hand with the bulls being sideline for good...and we still can't project how long will this situation can last. One of the many things I learned with any asset that is traded freely is that sentiment of the people who are into investing and trading can always be the barometer into the direction in which the asset is trudging. Sadly, for now, there is a lack of excitement not just with Bitcoin but the rest of the cryptocurrency industry.

[gunhell16]

The current market still remains resistant to most altcoins. Although others increased a little like Dogecoin from 0.058$ now it is around 0.065$, Bitcoin also increased a little again, its resistance did not move much if we look at their graph, and even TRX almost It seems like the price hasn't changed and it just eases in the market.

So I think we have to stretch our patience a bit more as individual traders here in this cryptocurrency industry. And continue to accumulate little by little what we think will give good profit in the future.

[Afony]

I don't think the market is in a bad situation right now, and I don't dispute that the market has fallen a lot, but this is a chance to buy cryptocurrencies at low prices. Those who have been working with cryptocurrency for a long time know that they need to invest in cryptocurrency.

[Astra]

I don't think the market is in a bad situation right now, and I don't dispute that the market has fallen a lot, but this is a chance to buy cryptocurrencies at low prices. Those who have been working with cryptocurrency for a long time know that they need to invest in cryptocurrency.

Prices in the cryptocurrency market rise and fall periodically. Moreover, it is well known that this market has the greatest price volatility of all existing markets. Prices can generally rise by 70-90 percent and also fall, and this is already considered, if not the norm, then at least not a disaster for this market. The current crypto-winter has already been long enough, which means that the market will soon recover. There are already good forecasts for a possible high rise in the price of bitcoin in the near future, up to 110 thousand dollars.

[Google+]

I don't think the market is in a bad situation right now, and I don't dispute that the market has fallen a lot, but this is a chance to buy cryptocurrencies at low prices. Those who have been working with cryptocurrency for a long time know that they need to invest in cryptocurrency.

The eyes that you have must see market conditions, which are currently a lot of red and have difficulty increasing prices because there really is nothing that can trigger an increase in Cryptocurrency prices on exchanges, Cryptocurrency is not an investment place because basically Cryptocurrency is a digital currency that used for alternative payments so that price movements are very unstable and very risky if used as an investment.

[Bliznec]

The ongoing bear market is gaining the upper hand with the bulls being sideline for good...and we still can't project how long will this situation can last. One of the many things I learned with any asset that is traded freely is that sentiment of the people who are into investing and trading can always be the barometer into the direction in which the asset is trudging. Sadly, for now, there is a lack of excitement not just with Bitcoin but the rest of the cryptocurrency industry.

I would answer - not forever! Why did you decide that the bulls left the crypto market forever? Sorry, but ahead of the crypto winter, and then the rise of the entire crypto market. Buy while it's cheap, fill your bags. Closer to March, 2023, it will be known! And while the bears attack.

[KaliLinux]

I don't think the market is in a bad situation right now, and I don't dispute that the market has fallen a lot, but this is a chance to buy cryptocurrencies at low prices. Those who have been working with cryptocurrency for a long time know that they need to invest in cryptocurrency.

The eyes that you have must see market conditions, which are currently a lot of red and have difficulty increasing prices because there really is nothing that can trigger an increase in Cryptocurrency prices on exchanges, Cryptocurrency is not an investment place because basically Cryptocurrency is a digital currency that used for alternative payments so that price movements are very unstable and very risky if used as an investment.

I don't think @Afony is wrong in what he is saying about the market at least comparing both the 2017 and 2021 ATH drop, Bitcoins price dropped -83% when compared to what the Bitcoins price is reading now -77% from this last ATH.
Secondly, Bitcoin or the general crypt investment is a risk, so you that intend to or have invested in Cryptocurrency should understand this, the Bear market shouldn't come as a surprise to those that have understood that the market has about 3 phases, Bull, Bear, and the accumulation stages so when the Bear market is in play, buy good Coins/Alts as you have the investment for.

[Heitor_55]

I think everything is all good, if you know the concept of averaging. You know how to deal with the bearish market.

[de_prof]

I think everything is all good, if you know the concept of averaging. You know how to deal with the bearish market.

Bearish season is always good to buy and hold.
I think It's good if you hav efree money.
But for short investor, I think It's not good.
We must hold for long term during bearish

[Citysatoshi]

Yes, the bear season will bring in buying opportunity and could also cause huge loses of the bear continues on the downward trends. If you buy at certain range, for instance, $16k and price  continue downward to $12k, a buyer at $16k will definitely start loosing his or her capital. In addition to the idea of buying low, there is need to good TA/FA before taken a position. I have decided to start buying at $13k because I think that bitcoin price may continue the downward movement to it bottom in near future.

[Bobcrypto]

As it stand now, the crypto market is not as bad compared to the 2018 bear run, though the bear is not yet over, it obvious that the crypto winter continues into 2023 and there is no ending in sight, just in my opinion. As i observed the movements, it look like the bear wil go for a  longer time than we may be expecting.

[pacar_tiri]

As it stand now, the crypto market is not as bad compared to the 2018 bear run, though the bear is not yet over, it obvious that the crypto winter continues into 2023 and there is no ending in sight, just in my opinion. As i observed the movements, it look like the bear wil go for a  longer time than we may be expecting.

Crypto market seems normal, I think It's not bad.
Because during bearish I think crypto market will struggle and  volatile at this year 2023  until Q4 2024.
It's still good for invest and hold

[Probal Deep Moran]

Non-fungibility: As the name implies, each NFT is a cryptographic token that represents something unique or non-fungible, meaning it’s not interchangeable with another NFT. The metadata inside each NFT exists as a permanent, unalterable record on the blockchain. This record describes what the token represents, similar to a certificate of authenticity, as well as the token’s ownership history and transaction record (title).

[KaliLinux]

Yes, the bear season will bring in buying opportunity and could also cause huge loses of the bear continues on the downward trends. If you buy at certain range, for instance, $16k and price  continue downward to $12k, a buyer at $16k will definitely start loosing his or her capital. In addition to the idea of buying low, there is need to good TA/FA before taken a position. I have decided to start buying at $13k because I think that bitcoin price may continue the downward movement to it bottom in near future.

And if the market happens not to get to $13k as you believe it would, then you must have missed out on buying at the current price. I believe DCA is still the best option during the bear market because we cannot really say for sure where the bottom is and regardless of where you bought if you don't sell then it is an unrealized loss until you actually sell.

Investors bought BTC at $19k during the 2017 bull market and it fell to $3k. if anyone was able to hodl through this time till Bitcoin came back to the new ATH of $69k in 2021 that would have been profitable right? So it is all about your ability to Hodl especially Bitcoin investment.